mework Assignment $($i$)$

Exersise $8-17($Algo$)$ Disposal of assezs LO P$2$

Diaz Company owns a machine that cost $$125,500$ and has accumulated depreciation of $$91,600.$ Prepare the entisy to record the disposal of the machine on January $1$ in each separate situation.

The machine needed extensive repairs and was not worth repairing. Diaz disposed of the machine, receiving nothing in return.

$2$ Diaz sold the machine for $$17,500$ cash.

Diaz sold the machine for $$33,900$ cash.

Diaz Sold the machine for $$41,600$cash.

Joumal entiny worksheet

$1$

$2$

$3$

$4$

Record the disposal of the machine receiving nothing in retum.

Wotes Einter debits before credits